Qualys (NASDAQ:QLYS) Price Target Cut to $215.00 by Analysts at JPMorgan Chase & Co.

Qualys (NASDAQ:QLYS) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $241.00 to $215.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 21.65% from the company’s current price.

Several other research firms also recently issued reports on QLYS. Morgan Stanley boosted their price objective on Qualys from $130.00 to $140.00 and gave the stock an “underweight” rating in a report on Tuesday. Weiss Ratings raised shares of Qualys from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Robert W. Baird raised their target price on shares of Qualys from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Tuesday. TD Cowen lifted their target price on shares of Qualys from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 13th. Finally, DA Davidson boosted their price target on shares of Qualys from $135.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Qualys presently has a consensus rating of “Hold” and an average price target of $192.00.

Qualys Stock Down 12.7%

Qualys stock traded down $25.72 during mid-day trading on Tuesday, hitting $176.74. The company’s stock had a trading volume of 746,770 shares, compared to its average volume of 759,318. The stock has a market capitalization of $6.12 billion, a P/E ratio of 30.58 and a beta of 0.54. The stock’s fifty day moving average price is $191.07 and its two-hundred day moving average price is $137.06. Qualys has a twelve month low of $74.51 and a twelve month high of $235.54.

Qualys (NASDAQ:QLYS) last announced its earnings results on Monday, November 9th. The software maker reported $2.12 EPS for the quarter, beating the consensus estimate of $1.96 by $0.16. Qualys had a return on equity of 37.52% and a net margin of 29.38%. The business had revenue of $188.05 million during the quarter, compared to the consensus estimate of $186.63 million. During the same period in the prior year, the business posted $1.86 earnings per share. Qualys’s revenue was up 10.7% compared to the same quarter last year. Equities analysts expect that Qualys will post 5.84 earnings per share for the current year.

Insider Buying and Selling at Qualys

In other news, CFO Joo Mi Kim sold 2,659 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $209.66, for a total value of $557,485.94. Following the transaction, the chief financial officer directly owned 68,208 shares of the company’s stock, valued at approximately $14,300,489.28. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sumedh S. Thakar sold 3,200 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $190.36, for a total value of $609,152.00. Following the sale, the chief executive officer owned 177,138 shares of the company’s stock, valued at approximately $33,719,989.68. This represents a 1.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,672 shares of company stock valued at $2,192,747 in the last quarter. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in Qualys by 20.1% in the third quarter. Bessemer Group Inc. now owns 495 shares of the software maker’s stock valued at $93,000 after buying an additional 83 shares during the period. ZWJ Investment Counsel Inc. lifted its position in shares of Qualys by 4.9% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 2,114 shares of the software maker’s stock valued at $396,000 after acquiring an additional 98 shares during the period. Csenge Advisory Group lifted its position in shares of Qualys by 5.1% during the 3rd quarter. Csenge Advisory Group now owns 2,016 shares of the software maker’s stock valued at $377,000 after acquiring an additional 98 shares during the period. Aviance Capital Partners LLC boosted its stake in Qualys by 2.0% during the third quarter. Aviance Capital Partners LLC now owns 5,245 shares of the software maker’s stock worth $982,000 after acquiring an additional 103 shares in the last quarter. Finally, Smith Group Asset Management LLC boosted its stake in Qualys by 1.7% during the third quarter. Smith Group Asset Management LLC now owns 6,396 shares of the software maker’s stock worth $1,197,000 after acquiring an additional 107 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

More Qualys News

Here are the key news stories impacting Qualys this week:

• Positive Sentiment: Qualys reported Q3 revenue of $188.1 million, up 10.7% year over year, and adjusted EPS of $2.12, topping consensus estimates of $186.6 million and $1.96. Qualys Q3 results
• Positive Sentiment: The company raised its FY2026 guidance: adjusted EPS of $8.07–$8.14 versus a $7.44 consensus, and revenue of $736.9–$738.9 million versus $735.5 million. Q4 EPS guidance also exceeds consensus, while revenue guidance is only slightly above expectations. Qualys FY2026 guidance
• Positive Sentiment: Qualys expanded its global mROC alliance with partners covering mobile, operational technology, IoT and identity security, potentially broadening its reach across cyber-risk markets. mROC alliance expansion
• Neutral Sentiment: Several firms raised price targets, including RBC to $197 and Baird to $210, but kept neutral or sector-perform ratings. Qualys also plans to speak at the UBS Global Technology and AI Conference. RBC rating update Investor conference announcement
• Negative Sentiment: Shares have declined following results, with coverage attributing the reaction to concern over the revenue outlook despite the raised guidance and quarterly beat. Morgan Stanley raised its target to $140 but retained an underweight rating, implying substantial downside from the then-current quote. Qualys earnings and stock reaction Morgan Stanley rating update

About Qualys

Qualys, Inc. provides cloud-based security and compliance software to help organizations identify and manage cybersecurity risks. Its platform brings together information about an organization’s IT assets and security posture to support vulnerability management, threat detection, and compliance activities. Qualys offers products and services for vulnerability assessment and remediation, cloud security, endpoint protection, web application security, and policy compliance. Its solutions are designed to help customers monitor systems across cloud environments, on-premises infrastructure, and other connected assets.